Aegon NV (NYSE:AEG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Aegon NV (NYSE:AEG) have been given an average rating of “Moderate Buy” by the seven research firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

A number of brokerages have commented on AEG. Zacks Research downgraded Aegon from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft initiated coverage on Aegon in a research note on Wednesday. They issued a “hold” rating for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Aegon in a research note on Monday, December 29th. Wall Street Zen raised shares of Aegon from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, UBS Group downgraded Aegon from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 3rd.

Aegon Stock Up 3.0%

Shares of NYSE AEG opened at $7.79 on Friday. The company has a market cap of $15.62 billion, a P/E ratio of -29.94, a P/E/G ratio of 0.21 and a beta of 0.78. The business’s 50 day moving average is $7.68 and its two-hundred day moving average is $7.55. Aegon has a 12 month low of $5.42 and a 12 month high of $8.15.

Institutional Investors Weigh In On Aegon

Several large investors have recently made changes to their positions in AEG. Arrowstreet Capital Limited Partnership boosted its stake in Aegon by 104.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 21,006,803 shares of the financial services provider’s stock worth $152,089,000 after purchasing an additional 10,732,972 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Aegon by 27.5% in the third quarter. Dimensional Fund Advisors LP now owns 9,869,198 shares of the financial services provider’s stock valued at $78,853,000 after purchasing an additional 2,127,932 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Aegon by 306.1% during the second quarter. BNP Paribas Financial Markets now owns 6,169,541 shares of the financial services provider’s stock worth $44,667,000 after buying an additional 4,650,272 shares during the period. Acadian Asset Management LLC boosted its position in shares of Aegon by 2,348.0% during the second quarter. Acadian Asset Management LLC now owns 3,482,943 shares of the financial services provider’s stock worth $25,200,000 after buying an additional 3,340,666 shares during the period. Finally, ABC Arbitrage SA bought a new position in shares of Aegon during the third quarter worth about $16,634,000. Institutional investors own 4.32% of the company’s stock.

Aegon Company Profile

Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients.

Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings.